New York Banking Rates

IRA Savings Account Rate Deal of the Day: American Broadcast Employees Federal Credit Union at 0.40% APY

Members of the American Broadcast Employees Federal Credit Union can take advantage of higher interest rates by opening a basic IRA savings account with the nonprofit, at an interest rate of 0.40% APY.

Savings Account Terms and Conditions

Credit union members with an Individual Retirement Account may be able to save on their present taxes by deducting their qualified contributions from their taxable income. Alternately, IRAs give the capability to to defer taxes until retirement. For ABE’s IRA, 0.40% is the annual percentage rate for deposits up to $99,999. All credit union deposits  up to and equaling $250,000 are also federally insured by the National Credit Union Administration.

About ABE Federal Credit Union

Offering a full-service range of banking products, from checking and savings to loans, ABEFCU is a cooperative savings-and-loan not-for-profit created in 1967. Mutually owned and operated by its members, employees of Walt Disney Company, Inc. and its subsidiaries are eligible to join ABEFCU, along with employees of other select employer groups.

Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.